Kottayam: Physical rubber prices showed a better trend on Thursday driven by the bullish mood in domestic and international futures. Sheet rubber RSS 4 firmed up to Rs 91.50 from Rs 91 a kg both at Kottayam and Kochi. The market made all-round gains on fresh demand. The volumes were dull. There has been no visible improvement in arrivals though the weather was favourable for tapping and production for the past couple of weeks, an observer said. It may take some more time to get the results and hence the market might suffer from short supply till then, he added.
Futures improve
The rubber futures flared up recording sharp gains in distant months on NMCE. The October contract improved to Rs 92.93 (92.26), November to Rs 91.95 (88.85), December to Rs 92 (88.91) and January to Rs 92.75 (89.69) per kg for RSS 4.
Spot prices were (Rs/kg): RSS-4: 91.50 (91); RSS-5: 89 (88.50); ungraded: 87 (86.50); ISNR 20: 87.50 (87) and latex 60 per cent: 63.15 (62.60).
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